Wallets

Overview

PayMongo Wallets provide a secure and flexible way to store, manage, and move funds within your platform. Whether you're powering a marketplace, e-commerce app, or digital service, Wallets enable real-time fund flows for receiving payments, making disbursements, or enabling user-to-user transfers—all from one unified system.
Wallets support multiple funding sources and transfer methods, and are designed to integrate easily with your business logic and payout flows.

Key Features

  • Secure Digital Fund Storage
    Hold funds safely in SOC 2 Type 2-certified infrastructure, with compliance-grade controls and visibility.
  • Send and Receive Funds with Ease
    Support for multiple transfer methods and incoming fund allocations.
  • Cost-Effective Transfers
    Affordable and transparent pricing for sending, storing, and moving funds.
  • Multi-Wallet Support (Coming Soon)
    Platform merchants will soon be able to create and manage multiple wallets under a single organization—ideal for managing sub-accounts or business units.

Pricing

Setting up a PayMongo Wallet is free for most users. However, platform businesses are charged a ₱150.00 monthly maintenance fee for each active wallet they manage. This helps support ongoing operational and infrastructure costs associated with maintaining multiple wallets.